Equitix is pleased to announce it has signed an agreement to acquire a substantial minority stake in Viridor Group, the UK’s leading operator of Energy-from-Waste facilities, from global investment firm KKR, with a path to acquire up to 50%. This strategic investment builds on Equitix’s existing 35% shareholding in Viridor’s Energy division, further expanding its position within the UK’s energy-from-waste sector.

The stake in Viridor Group will represent a significant additional investment, positioning Equitix as a major shareholder in one of the UK’s leading energy-from-waste businesses.

Viridor provides essential infrastructure services in sustainable waste management and energy recovery to local communities across the UK. The company operates 12 UK energy-from-waste facilities, with two additional plants currently in development, processing 3.4 million tonnes of waste and recycling a year. Through its innovative approach and advancement in carbon capture and storage (CCS), Viridor plays a critical role in supporting the UK’s transition to a circular economy and reducing reliance on landfill.

Equitix CIO Achal Bhuwania said:

"This transaction marks an important milestone, setting the path for Equitix to achieve a 50% stake in Viridor Group. It reflects our confidence in Viridor as a best-in-class waste-to-energy platform and a vital part of the UK’s critical infrastructure. We value our strong strategic partnership with KKR and Viridor’s outstanding management team. This transaction also underscores the unique follow-on opportunities within our portfolio, which we will continue to deliver for our clients."

Viridor CEO Kevin Bradshaw added:

“We are delighted that Equitix will be further investing in Viridor to support our long-term growth strategy, alongside KKR. During the past five years of our strategic partnership, Viridor has entirely transformed and has grown strongly to establish its position as the sector leader with best-in-class operations, a pioneering CCS programme and an ambitious EfW development pipeline. As we look ahead to this next phase of our strategy, I am thrilled we will maintain these valued partnerships and continue to invest in and grow the business.”

KKR Co-Head of KKR EMEA and Co-Head of European Infrastructure Tara Davies commented:

“Viridor has transformed into a high-performing, standalone British leader in waste treatment since its carve-out in 2020, delivering essential services to communities across the UK. The business is now delivering consistently strong operational and financial performance, alongside significantly improved health and safety outcomes. These achievements reflect the strength of the management team and the depth of the platform we have built together. We see significant long-term opportunity ahead and are pleased to continue our strategic partnership with Equitix as Viridor enters its next phase of growth.”

Equitix was advised by BofA Securities and Linklaters.

About Equitix

Equitix is the UK’s leading mid-market infrastructure investor, with over £13.8 billion in assets under management across 24 countries. Founded in 2007, our mission is to create a lasting legacy through responsible investment, deep sector expertise, and strategic partnerships.

Equitix is helping to support the UKs drive for sustainability and energy security, with social and environmental objectives embedded into a diverse portfolio of assets that strengthen regional, national, and international connections.

Bringing infrastructure to life.

www.equitix.com

Media: equitix@teneo.com

About Viridor

Viridor is one of the UK’s leading innovators in resource recovery. We operate the largest fleet of Energy from Waste (EfW) facilities in the UK. Through our fleet of 12 EfW facilities, we process over 3.4 million tonnes of waste and recycling a year, producing enough energy to power c. 800,000 British homes. Viridor’s purpose is to build a world where nothing goes to waste. Viridor has an ambitious decarbonisation plan and has committed to reach Net Zero by 2040 and to become the UK’s first carbon positive waste management company by 2045.

www.viridor.co.uk

Media: Faeth Birch & Sophia Johnston / viridor@fgsglobal.com

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